Financial Control Creates Options
In career development, the need for options is critical for dynamic growth. When you are in financial distress, you effectively reduce your available options. Your ability to make good career decisions (decisions that reflect more than incremental pay
Finances are a huge source of mental noise. It's inevitable. If you struggle to meet your monthly expenses or if your debt is too high, your mental capacity is diminished. Financial trouble can have a dramatic negative impact on your current performance and on your ability to make good decisions.
In addition, your available options are greatly reduced. When money is the primary factor driving your career decisions, you cannot
Gaining control over your finances remedies the reduced performance because of mental anxiety and allows you to take advantage of opportunity-rich career moves.
Financial Control Is Largely Mental
Gaining control of your finances is usually less about what you earn and more about your attitudes toward money, spending, and thingsmaterial possessions. Understanding this fact can go a long way in helping you develop better financial control. In addition, the steps toward maintaining a strong financial position fall into place more easily with the philosophical
Money Is a Tool
Money is a tool, just like technology. And just as many technology professionals focus entirely on the technology rather than its function within a business context, so we also focus on money as having value to buy things, rather than its functional role in our lives.
But money is simply something you trade for something of value. In addition, the money you receive has been similarly traded. You apply your effort and knowledge in return for the ability to trade for various products and services.
If you are honest, you hope that you provide value and that your employer or client recognizes and rewards that value. You are similarly aggravated or upset when your work is undervalued.
Yet, when you
If you are paid $40 an
Although you might argue that you have had decent meals, you can prepare a decent meal at home for $7 to $11. If you went out to eat only one time per week and prepared meals the other nights, you would save $480. If you are paid $40 an hour, that equates to 12 hours of your life.
I'm not making a value judgment regarding eating dinner out. What I'm trying to
I state this only as an idea of how people devalue their labor and the money it produces through ill-advised spending habits. If your career is where you want it to be, you are flush with cash, and you easily meet all your financial obligations, go out to eat. I am addressing those, the majority, who are in far different circumstances.